1st NRG Corp (FNRC)

[cropduster08]

Alsteps, I think you are correct about the 100,000 for 1 ratio, at least that's what it was in the original press release. But then we had the reverse split of 1 for 20,000, which I think probably reduced the ratio to 5 for 1, not 100,000 for 1.

I looked back at some of my posts from 2 years ago on this subject and here is some of what I found:

"Keep in mind that the $2.5 million, or 1 million series B shares, has the same specifications as the dividend shares that we just received. They both convert to 100,000 shares of the old common per original share in 6 to 12 months. Of course, everything is being restructured by a factor of 1 for 20,000 due to the reverse split, so the 100,000 share ratio would go to 5, best I can tell."

Anyway, depending on how many of the special dividend shares you have, 5 for 1 could still be a decent chunk of money. I am curious now to see if anyone else has actually been able to convert their special dividend shares (I think they were called Series E shares, but can't say for sure).

Good luck,

Cropduster